Couple questions:
1. Does anyone know someone (who themselves) who has run (or is running) a ponzi scheme and how it worked out?
2. I never really understand why people try to run these schemes, don't they think eventually they will get caught? Only think I can reason is (a) they don't care and would take living like a king/queen for a couple years then go to jail (b) they're really good at it so they keep it going and I don't know about it?
3. Would you personally take 10 years where you got a billion dollars and could do whatever you want but you then had to go to jail for 25 years after?
I’m not willing to lie to investors, so no I would not take a billion dollars.
Most of these schemes start out with good intentions and then fraud starts a little then a lot of fraud.
Agreed, for most fraud at that level happens one step at a time.
Just generally asking abou the $1bn, it wouldn't be stolen. Just seems like the basic trade some of these people make in frauds and it doesn't seem like something I would take.
Is anyone here selling UIL on instagram.....I'm sure they have some good insight to Ponzi Schemes :)
Hey guys - is anyone here currently committing financial crimes or witnessing white collar criminality at work? 🤪
asking for a friend?
Just get a job administering social security and you can run a ponzi scheme w/out ever worrying about jail time.
Lol no way you get 25 years afterward unless you scam some rich/powerful people, just look at SBF. Only reason Madoff got so much time was because they needed to make an example of him and he stole from a LOT of rich connected folks.
Fair, then you would get the $1bn for 10 years if you had to go to jail for 15 years? Is that a better trade off?
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